XML 17 R11.htm IDEA: XBRL DOCUMENT

Employee Stock Benefit Plans

6 Months Ended

Jun. 30, 2011

Employee Stock Benefit Plans

Employee Stock Benefit Plans

6.	EMPLOYEE STOCK BENEFIT PLANS

The following table summarizes stock-based compensation expense related to stock options, performance share awards and restricted stock units.


		Three Months Ended June 30,								Six Months Ended June 30,
(In millions)		2011				2010				2011				2010
Stock options		$	1.4			$	0.8			$	2.8			$	2.0
Performance share awards			7.1				1.3				12.2				2.6
Restricted stock units			3.0				2.4				5.5				5.0

Total pre-tax stock-based compensation expense		$	11.5			$	4.5			$	20.5			$	9.6

Net tax benefit related to stock-based compensation expense		$	(4.0	)		$	(1.8	)		$	(7.1	)		$	(2.2	)

During the six months ended June 30, 2011, the Company granted the following awards:


(Shares in millions)		Shares Granted				Weighted- Average Grant Date Fair Value
Stock options			0.5			$	14.67
Performance share awards			0.3			$	56.02
Restricted stock units			0.1			$	58.89

As of June 30, 2011, the Company had the following share awards and related costs yet to be recognized:


(Dollars and shares in millions)		Outstanding				Unrecognized Compensation Cost				Expected Weighted-Average Period to be Recognized (years)
Stock options			1.9			$	9.9				2.1
Performance share awards			0.6			$	22.8				1.5
Restricted stock units			0.7			$	18.2				2.5

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details